As summer draws nearer, many people are looking forward to upcoming vacations. But rising costs are grounding more than half of the people in the United States, with a recent survey finding that only 46% plan on taking a vacation this summer, while 29% of people plan to take on debt to fund their trip.
While research shows that vacations can help reduce stress, boost mental health, and benefit your heart health, going into debt can reverse that positive impact upon your return.
The good news? You can still take a revitalizing vacation without spending beyond your means. Here’s some tips to help you stay on budget.
Stick to the Roads
Traveling doesn’t necessarily mean jet-setting across the world. You can make just as many memories traveling domestically by car. Road trips offer a great way to see the country and bond along the way, without shelling out hundreds to thousands in airfare.
Pack Efficiently
If you do decide to fly, pack light. Avoid checking your bags and accruing more fees, and instead, carry your luggage on. Once you’re at your destination, plan on doing some light laundry during the week.
Dine In
Book lodging with a kitchen or at least a mini-fridge and microwave. You’ll be able to shop for groceries, prepare your own meals, and reserve dining out for planned splurges.
Use Your Points and Rewards
Travel rewards, hotel points, or frequent flyer miles can help cover anything from flights and hotels to rental cars, helping you cut down on major expenses.
Sightsee for Free
Parks, walking tours, beaches, hiking trails, and free museums can make seeing the sights an enjoyable and inexpensive excursion.
Vacation at Home
Otherwise known as a “staycation,” staying at home can ensure you get the time off you need without breaking the bank. Explore your local sights and spend time with your family and friends—and just recharge.
Repay Debt
If you’ve stayed within budget, consider putting any extra money toward existing debt. Traveling is important for well-being, but financial stress afterward can undo the good a vacation brings. Staying within your means can ensure your relaxing getaway lasts.